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Andrea Dawson, a sandwich vendor at her town's annual Hard Rock Festival, created a table of conditional values for the various alternatives ( stocking decision
Andrea Dawson, a sandwich vendor at her town's annual Hard Rock Festival, created a table of conditional values for the various alternatives stocking decision and states of
nature size of crowd:
States of Nature demand
The probabilities associated with the states of nature are for a big demand, for an average demand, and for a small demand.
a The alternative that provides Andrea Daswon the greatest expected monetary value EMV is
The EMV of this decision is $enter your answer as a whole number
b The expected value of perfect information EVPI for Andrea Dawson $enter your answt
Large Stock
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